Are you looking for a good answer to your company’s cash flow problems, especially one that doesn’t mean you have to give up ownership to an outside investor? Invoice factoring can be the solution. By selling your invoices you’ll generate immediate cash and keep TOTAL ownership of your company. You can meet payroll, pay bills, have cash on hand for raw materials and daily operations – easily and consistently.
Invoice factoring, also known as accounts receivable factoring, is the sale of a company’s invoices to a third party, the “factor.” Typically invoices are purchased as soon as they are generated and verified. The factoring company – Allegiant Business Finance – provides an advance, which is an agreed-upon percentage of your invoices’ face value, at the time of purchase. It helps your business establish stable cash flow without going through a cumbersome administrative process…even if your company is a startup or a relatively new company. Companies who have been in business for years can also benefit, and are welcome, as well.